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  1. CreateHere Resource Guides: Finding Insurance When You’re Self-Employed Monday, February 02, 2009

    At CreateHere, part of our mission is to equip Chattanooga’s creatives and entrepreneurs with the tools they need to succeed. Accordingly, we are proud to release a helpful resource guide and video which deal with the difficult task of contracting insurance when you’re self-employed.

    The Necessary Tools
    Healthcare is an essential, though difficult, addition to any creative’s toolbox

    The stress of finding insurance is often reason enough to give-up on the whole enterprise. The epic quest for affordable coverage requires bravery, discipline and an appreciation for music of the “You’ve Been Put on Hold Indefinitely” genre. Of course, the high cost of even the most basic medical treatments testifies to the importance of reliable healthcare, but with the investment of time—and of course money—required, it can be difficult for the self-employed to justify the hassle. A little know-how can get you started in the right direction.

    First and foremost, there’s the government. Many programs, both federal and state, exist to pay for your healthcare costs, though you may find that qualifying for Uncle Sammy’s dollars requires an extenuating circumstance. Cover Tennessee provides healthcare for children and seriously ill individuals who have been denied healthcare elsewhere. Those over 65 can benefit from Medicare, and low-income families have Medicaid at their disposal. Most notably, CoverTN, one of four divisions in the Cover Tennessee network, finds ways to insure the employees of small businesses across the state.

    As an individual seeking healthcare independently, it’s helpful to think outside the box. Let’s imagine you’ve been employed by A Company Fortunate Enough to Find a Genius Like You, Incorporated, which has generously provided you with a benefits package that includes healthcare. Because this company is staffed with 800 or so other geniuses, you all get cheaper insurance rates. You benefit, collectively, from your individual employment.

    Enter the private group provider, a type of organization that simulates a large company for the purposes of providing insurance to its members. Group providers connect artists with bunches of uninsured brethren, i.e. your fellow geniuses. The idea is that there is strength (and discount) to be had when these bundles of artists approach insurance companies as a collective, rather than as individual policy-buyers. Enrolling in a private group provider gives the shopper access to rates that those working for larger companies enjoy. Enjoyment whilst shopping for insurance. It’s genius.

    There are a few names in the private group provider industry worth knowing. With Freelancers Union, members have access to health insurance as well as dental, disability and term life policies for the particularly ambitious. Fractured Atlas, a provider some 50,000-members strong, can also connect artists in Tennessee with an appropriate healthcare plan through Aetna. And there’s Assurant Health, which helps with financing your healthcare and works with several nation-wide insurance companies providing both short- and long-term policies.

    Goodness, it sounds so easy, but the buyer beware: insurance companies recommended by group providers are not legally bound to accept group bids. While Freelancers Union and Fractured Atlas have enormous clout because of their sheer size, it’s still not a sure thing. Ever.

    Should you so choose to forgo insurance, there are many prescription assistance programs operated by non-profits and pharmaceutical companies. The government is also willing to offset prescription drug costs from time to time.

    And then there’s the jive. Mercifully, many providers and advocacy groups offer resources for learning the romantic language of health insurance—and there are volumes dedicated to its pursuit. This proves incredibly helpful since different companies provide different types of coverage: you can do some powerful comparison-shopping when you understand the jargon. Hit me with an HAS for my PPO, you’ll tell them, you genius.

    Keep in mind, even the most well-informed smooth talker can come up against major pratfalls. Age, medical history and income can all play a decisive role in whether or not you qualify for healthcare and how much it will cost should you score a policy. Additionally, it gets tricky when you want to insure yourself as well as a partner, family member, or group of employees. But you’re not alone in your search for affordable healthcare, little genius. That much, if only that much, is certain.

    Securing healthcare coverage is a daunting responsibility for the self-employed. This Wednesday evening from 5:30 to 7:30 pm, the Association for Visual Arts (AVA) will host a forum entitled “Health Insurance Options for Artists.” For more information, visit AVA’s website.

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